Bugcrowd acts as an intermediary between security researchers that find bugs and security flaws and the companies with products and services that need to be fixed. By mediating from the middle, the process ensures that bugs are appropriately triaged, mitigated, and rewarded, and that both sides follow the rules to mitigate potential abuse.

Bugcrowd's CrowdMatch technology integrates years of program and hacker data to help automatically match the right team for each customer’s unique engagement. With hundreds of thousands of active hackers, automatic tagging is a critical component to manual reviews, supporting proper vetting and matching activities at scale.

Bugcrowd is backed by Triangle Peak Partners, Rally Ventures, Blackbird Ventures, Hostplus and others. The company raised $30M in a Series D round on Apr 09, 2020. This brings Bugcrowd's total funding to $78.7M to date.